At resistance, top of channel.
Nearing vertex of a triangle.
Volume down.
It feels stretched.
The longer it takes the fewer the chances of a resistance breakout. Matter of days at best.
Failing that an impulsive retrace (towards bottom of the channel) may happen.
Fragile scenario.
Watch out, protect your positions.
Nearing vertex of a triangle.
Volume down.
It feels stretched.
The longer it takes the fewer the chances of a resistance breakout. Matter of days at best.
Failing that an impulsive retrace (towards bottom of the channel) may happen.
Fragile scenario.
Watch out, protect your positions.
Comment:
I don't like this weekly MACD.
Comment:
Down > 2500$ already.
Nearing the first support "belt" in the 54-55,2k area.
Likely to find a bounce from there.
Next we'll see.
Nearing the first support "belt" in the 54-55,2k area.
Likely to find a bounce from there.
Next we'll see.
Comment:
Well it did bounce from 55,4k, slightly above the limit.
Currently trying to achieve a breakout:
Volume is the key now.
By the way, i'd see a relation with Coinbase IPO, as this kind of pump and the timing kinda feel artificial. We'll kwow better after April 14th.
Currently trying to achieve a breakout:
Volume is the key now.
By the way, i'd see a relation with Coinbase IPO, as this kind of pump and the timing kinda feel artificial. We'll kwow better after April 14th.
Comment:
Further thoughts here:
